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Risk Management in Cotton Ginning Operations

Barry Nevius


In the past, handling risk was simple. Management would simply purchase insurance to provide protection from loss. The escalating cost of risk and the reduction in the number of insurance companies willing to take those risks forces us to change. Economics demands the use of analytical methods to identify, analyze, and reduce business risks. Risk Management is one of the best tools available to accomplish this task, providing the ginner with the best tools to minimize financial loss while efficiently and effectively spending his insurance dollars.

Reprinted from Proceedings of the 1996 Beltwide Cotton Conferences pp. 580 - 581
©National Cotton Council, Memphis TN

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Document last modified Sunday, Dec 6 1998